ExodusPoint Capital Management LP Acquires 64,554 Shares of Signet Jewelers Limited (NYSE:SIG)

ExodusPoint Capital Management LP raised its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 463.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,478 shares of the company's stock after acquiring an additional 64,554 shares during the period. ExodusPoint Capital Management LP owned approximately 0.18% of Signet Jewelers worth $6,334,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bryce Point Capital LLC acquired a new position in shares of Signet Jewelers during the 4th quarter worth $1,530,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Signet Jewelers by 32.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock worth $123,000 after acquiring an additional 410 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Signet Jewelers by 33.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,715 shares of the company's stock valued at $623,000 after purchasing an additional 1,955 shares during the last quarter. Norges Bank acquired a new position in Signet Jewelers during the 4th quarter worth approximately $40,989,000. Finally, EntryPoint Capital LLC bought a new position in Signet Jewelers in the 4th quarter valued at approximately $371,000.

Signet Jewelers Stock Down 4.1 %

NYSE SIG traded down $2.41 during trading hours on Thursday, hitting $56.66. The company's stock had a trading volume of 467,941 shares, compared to its average volume of 1,128,510. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company's 50-day simple moving average is $53.87 and its two-hundred day simple moving average is $75.34. The company has a market capitalization of $2.43 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 3.43 and a beta of 1.63. Signet Jewelers Limited has a 52 week low of $45.55 and a 52 week high of $112.06.

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Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm's revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $6.73 earnings per share. Research analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, April 25th. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's dividend payout ratio (DPR) is currently -168.42%.

Insider Transactions at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of Signet Jewelers stock in a transaction on Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares of the company's stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Kevin Symancyk purchased 15,000 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $57.45 per share, for a total transaction of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares in the company, valued at approximately $2,913,289.50. This represents a 42.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SIG. Telsey Advisory Group reiterated a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. Bank of America cut their price target on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $70.00 price objective (down previously from $80.00) on shares of Signet Jewelers in a report on Tuesday. Cfra Research raised shares of Signet Jewelers to a "moderate buy" rating in a report on Thursday, March 20th. Finally, UBS Group raised their price target on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Signet Jewelers currently has a consensus rating of "Hold" and an average target price of $79.60.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.